Activist Casablanca to back former Metals USA CEO to lead Cliffs, NY Times says Casablanca Capital, the activist hedge fund urging changes be made at Cliffs Natural Resources, plans to back Lourenco Goncalves, the former CEO of Metals USA, as its choice to lead the company and plans to nominate a slate of candidates to replace a majority of Cliffs’s board, according to New York Times' DealBook. Reference Link
Cliffs Natural finalizes energy agreement with We Energies in U.P. of Michigan Cliffs Natural (CLF) has finalized an interim power agreement with Wisconsin Energy's (WEC) utility energy segment We Energies for its Michigan operations. The company stated that this is "one key step in a series of contemplated short and long-term agreements that are essential to the viability of its iron ore mines in the Upper Peninsula".